Docebo Investor Presentation Deck
Adjusted EBITDA
Adjusted EBITDA is defined as net income (loss) excluding net finance income, depreciation and amortization, income taxes, share-based compensation and
related payroll taxes, other income, foreign exchange gains and losses, loss on disposal of assets (if applicable), acquisition related compensation and transaction
related expenses.
The IFRS measure most directly comparable to Adjusted EBITDA presented in our financial statements is net income (loss).
The following table reconciles Adjusted EBITDA to net income (loss) for the periods indicated:
(In thousands of US dollars)
Net income (loss)
(Finance (income) expense, net(¹)
Depreciation and amortization (2)
Income tax expense
Share-based compensation (3)
Other income (4)
Foreign exchange loss (gain)(5)
Acquisition related compensation (6)
Transaction related expenses(7)
Adjusted EBITDA
Adjusted EBITDA as a percentage of total revenue
Three months ended March 31,
2023
2022
2022
$
$
(6,959)
7,018
(2,167)
(19)
(3,512)
707
580
2,333
363
129
764
III
1,267
1,215
4,834
183
(21)
(85)
102
3,391
(11,112)
295
948
101
101
(1,288)
$
1,245
256
254
2,210
5.3
%
Fiscal year ended December 31,
(4.0)
%
1,289
0.9
%
2021
$
(13,601)
65
2,019
172
2,261
(85)
473
408
319
(7,969)
(7.6)
%
2000
$
(8,016)
130
1,209
336
1,619
(77)
1,775
416
(2,608)
(4.1)
%View entire presentation